Support electrical and building SMEs, member organisations urge » SMEInsider

Support electrical and building SMEs, member organisations urge

Two trade organisations are calling on Chancellor George Osborne to support small electrical and building firms in next week’s Budget.

The Electrical Contractors’ Association (ECA) and the Building Engineering Services Association (BESA) have issued a joint statement, outlining what they call “a number of the key issues” that impact their members.

 

Bureaucracy is a bind

In particular, the bodies highlight that action is needed to tackle burdensome red tape and reduce business rates to ease pressure on SMEs. They also want to see the introduction of an online payment portal to facilitate prompt payment for members working on public sector contracts.

The statement said: “The ECA and BESA highlight the unique challenges faced by small and medium-sized enterprises, especially in relation to unnecessary bureaucracy and red tape, and the burden placed on them by the taxation regime.

 

Rates reduction

“The two trade bodies are jointly calling for measures that will allow small businesses to grow, such as reducing the impact of business rates, thus providing a boost to the overall UK economy, along with additional employment opportunities.

“Recognising the need to ensure fair and prompt payment along contractor supply chains, the ECA and BESA are also pressing for a centralised online procurement portal, to enable public sector clients to manage the supply chain through better presentation and analysis of ‘big data’, and allow payment requirements to be transparent and verifiable.”

Chancellor George Osborne will deliver the next Budget on Wednesday 16 March.